Commenting on the tough decisions required to ensure a balanced and sustainable transport plan the Mayor said: "London is the engine of the UK economy and it is vital that we continue to invest in better transport during these tough times. But at the same time, we need to focus on the projects that deliver real benefits for Londoners, and let go of those that lack the funding for completion.
"These projects still required a total of over £3bn in funding from the Government or other sources. At a time when Londoners are struggling it is our duty to get maximum bang for their buck and invest in fully funded schemes that we know can be delivered.
"I will not continue with the former Mayor’s unrealistic and hollow promises. The last administration's commitments amounted to billions of pounds worth of schemes that London could simply never afford."
____________________________________________________________________________________________________
Achievements of the Plan: In terms of outcomes, by 2012, the TfL Business Plan will have delivered:
The first of the large-scale Tube upgrades on the Jubilee, Victoria and Northern lines, each providing between 20 and 30 per cent more capacity into central London
The first ever air-conditioned trains on the Metropolitan, Circle, District and Hammersmith & City lines
Three-car trains on the DLR providing a 50 per cent increase in capacity
The transformation of the London Overground network - which includes the East London line and North London line - with improved reliability and a doubling of capacity
Improvements to London’s traffic flow, such as through the optimisation of traffic lights and co-ordination of roadworks
A new Routemaster fit for 21st Century London
Trial of orbital express buses in Outer London
A London cycle hire scheme and other major initiatives, such as cycle highways, to revolutionise cycling in London
A complete vision for the increased use of the Thames
By 2018, this programme will have delivered:
Crossrail, providing a 10 per cent increase in London’s rail-based public transport capacity;
Remaining Tube upgrades on the Piccadilly, District, Circle, Hammersmith & City and Metropolitan lines - providing a 28 per cent increase in Tube capacity;
Further schemes to cool deeper Tube lines, improving passenger comfort
Major improvements at key transport interchanges at Tottenham Court Road, Victoria, Bond Street and Paddington, relieving congestion and improving the environment for passengers
One million more people cycling and walking in London
A significant transport and regeneration legacy to follow a successful 2012 Games.
Schemes that lack funding and will not be progressed by the Plan:
Thames Gateway Bridge (cost to complete £500m+): The objections raised at the public inquiry have always been a concern to the
Mayor, particularly the disbenefits to traffic flow. In addition, the funding gap that has now arisen, along with other concerns over location and environmental impact, has compounded the Mayor's view that the proposal is not the right one, particularly in light of the consistent local opposition to the scheme.
Cross River Tram (cost to complete £1.3bn): Given the lack of funding available to implement the project and the likelihood of not securing additional third party funding, TfL is not in a position to develop the scheme any further. However the Business Plan will deliver a number of transport improvements to the communities along the proposed routes including the increased capacity and more frequent services to come on the Northern, Victoria and Piccadilly lines. TfL and the LDA will now look at alternatives to CRT including Northern line separation, improved bus operations and other ways of supporting local regeneration.
Croydon Tramlink Extension (£170m+): The Crystal Palace scheme had been progressed by TfL but there is no funding for implementation. TfL will conduct a wider study involving the Boroughs affected as part of the new sub-regional plans to assess the transport needs of this part of Outer London. The Mayor has indicated that the recommendation from this study will form part of a future bid to Government.
Oxford Street Tram/Transit (£500m): The proposal to improve links between Marble Arch to Tottenham Court Road is unaffordable and the disruption during construction would be very substantial. TfL is working with Westminster Council to implement streetscape improvements as part of New West End Company ORB proposals. TfL is also assessing options to reduce bus volumes along Oxford Street at minimum negative impact to bus passengers.
East London Transit (ELT) (£200m+) and Greenwich Waterfront Transit (GWT) (£170m+): Beyond the completion of the ELT 1a, ELT 1b and GWT 1 projects that are funded in the plan, no other further phases will be funded under the Plan. Some of these future phases (ELT2) were planned to support public transport services across TGB. TfL will undertake a wider review as part of the sub regional analysis working with Boroughs to assess the potential for further transit routes and opportunities for external funding.
Public Space Proposals: such as Parliament Square, Euston Circus, Victoria Embankment, High Street 2012 (£100m+ not including possible 3rd party funding): These schemes have been cancelled as they offered limited transport benefits and had the added disbenefit of restricting traffic flow at a time when London's road network will be under increased stress due to an increase in construction work and the need to deliver efficient transport flow for a successful 2012 Games.
DLR Dagenham Dock (£750m): Funding has yet to be identified to implement the proposed extension through Barking Riverside to Dagenham Dock which would support the proposed plans. It is unclear whether the Barking Riverside housing development is a Government priority to 2018.
Many of these projects promised by the previous Mayor were never funded beyond their initial design stages and had no money set aside to deliver them. To build them all now would require over £3bn in additional funding.